You meant 4:36 pm right , that is what it shows on their news feed web site? I can't imagine they would send this out prior to market closing knowing that it would have a material impact on the stock and everyone would not have access to it. Seems to be a disconnect with the AH's reaction if that were the case. Tomorrows open will be very interesting . My order didnt get filled today, lucky me.
Thoughts on the CEO change? Think he could have been pushed out cuz of the share price? Upside is there will be a significant forfeiture of stock grants which will be recorded as a reduction to expenses in Q1.
Well, Chaz you answered the question precisely. Most important is the need for a complete wash out and as the company is indicating coming in at the low end of guidance this will be baked into the pie ahead of earnings and subsequently offer this announcment as a buffer against further downside.
One of the easiest ways to gain hedge fund support and to sell your stock to new hedge funds is to outline a top down management shuffle. Take for example GMCR which began their respective management shuffle in Q3 2012. I wouldn't go so far as to say Adrus was forced out, but he did not return shareholder equity and does not instill confidence in the shareholder base, therefore...